Maersk Invests in Digital Freight-Booking Startup

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October 10, 2018 Danish shipping major Maersk has unveiled an investment in a US-based digital freight broker, Loadsmart, as the company expands its footprint. Namely, the company’s launchpad for new ventures, Maersk Growth, is leading a USD 21.6 million Series A funding for Loadsmart, together with Connor Capital SB and Chromo Invest. “We see huge potential with Loadsmart. […]

Scorpio Tankers Raising Fresh Funds via Share Offering

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October 10, 2018 Monaco-based tanker owner Scorpio Tankers has priced its previously announced underwritten public offering of over 162.1 million common shares. As part of this offering, priced at USD 1.85 per share, Scorpio Bulkers and Scorpio Services Holding Limited, each a related party and members of the Scorpio group of companies, have agreed to purchase common […]

Air NZ, Singapore Air Alliance Extended

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October 8, 2018 Air New Zealand and Singapore Airlines have received regulatory approval from NZ authorities to extend their alliance for five years until March 2024. The alliance between the two flag carriers launched in 2015, with increased frequencies and new routes introduced over the period. Seat capacity has increased by more than 25 percent […]

EU Shipowners Call for Decisive Actions against Unfair Trade Practices

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October 8, 2018 European shipowners and maritime technology industry have called for decisive actions against unfair trade practices and in favour of global playing field. Namely, trade associations representing European shipbuilding and maritime equipment and European shipowners, SEA Europe and ECSA, have called upon the European Commission and the EU Member States to take concrete and […]

About 100 people fall ill on Emirates flight to New York

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September 5, 2018 As many as 100 passengers and crew reported feeling ill on Wednesday during an Emirates flight from Dubai to New York, and health workers were evaluating them as the airplane sat on the tarmac of JFK International Airport, authorities said. About 100 people complained of feeling sick on Emirates Flight 203, which […]

Qantas eyes larger Airbus A350 jet for Sydney-London flights

Posted By Tony Sanchez / Airlines, Uncategorized / 0 Comments

August 7, 2018 Australia’s Qantas Airways Ltd is considering a larger version of the Airbus SE A350 as the European jetmaker and Boeing Co vie to connect Sydney and London in a non-stop 20-hour flight by 2022, the airline’s CEO said The airline’s selection process for what would be the world’s longest commercial flight has […]

Nigeria Suspends Maersk Line, Cosco Shipping Services

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July 20, 2018 The Nigerian Ports Authority (NPA) has suspended the shipping services of Maersk Line, Cosco Shipping and two other shipping firms for ten days, effective from July 14. Namely, the Danish and Chinese shipping giants, along with APS and Lansal, were served the suspension after an investigation by NPA showed that the companies failed to comply […]

IATA: Demand continues to grow despite threat of trade wars

Posted By Tony Sanchez / Cargo News, Uncategorized / 0 Comments

July 4, 2018 Airfreight has continued to grow in May at a reasonable rate with freight tonne kilometres increasing by 4.2 per cent, the International Air Transport Association (IATA) reports. Demand was down from 5.2 per cent recorded in April (revised from 4.1 per cent), and the association says growth is likely to continue at […]

G E Shipping to Sell Supramax Bulker

Posted By Tony Sanchez / Cargo Sea Line, Uncategorized / 0 Comments

June 13, 2018 India’s Great Eastern Shipping Company Limited (G E Shipping) has inked an agreement to dispose of its Supramax bulker Jag Ratan. The 52,179 dwt vessel will be delivered to an undisclosed new buyer in H1 FY 2018-19, according to the company. Built at South Korean Daedong shipyard in 2001, the ship has a […]

MISC Net Profit Halved in Q1

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May 14, 2018 Malaysian shipping group MISC Berhad ended the first quarter of the calendar year 2018 with its net profit slashed by more than 50 percent. The company posted a net income of RM 310.6 million (USD 78.6 million) in Q1 2018, a decrease of 54 percent when compared to RM 676.2 million (USD 171.1 million) […]